Regions Center, Nashville, TN
FRI Investors acquisition of this 600,000-square-foot 29-story office tower in downtown Nashville is a clear indicator of its financing strength and expertise – essential traits in today’s highly competitive commercial real estate markets. In the summer of 1998, at the height of the worldwide credit crisis, FRI Investors successfully closed a $70 million financing from Lehman Brothers Holding, acquiring this showcase property in spite of more than 15 competing offers. FRI Investors is a key player in the future of downtown Nashville, with a premier property that is ideally located in the city’s financial district, adjacent to the courthouse and city hall, and overlooking the state capitol and new NFL stadium. Recent improvements to the building and plaza area have been well received as evidenced by the high occupancy level.